Today the index dropped below its 100 dma – an uncharacteristic event. If it drops more than 1% below the 100 dma, a pullback to the 200 dma is likely (~2045).
This Friday is options expiration, expect volatility and heavy trading volume.
Listen to the Wealthsteading Podcast to receive updated market commentary:
Subscribe to the Wealthsteading Podcast:
via iTunes: https://itunes.apple.com/us/podcast/wealthsteading-podcast/id896417058
via STITCHER: http://www.stitcher.com/s?fid=53115&refid=stpr
Building Wealth, Investing, Retirement, Stock Trading, Freedom, Liberty, Life, History